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Toyota Motor January Sales Rise, Production Increases
Toyota's Domestic Sales Rebound as It Recovers From Scandals
Toyota Motor's global production has risen for the first time in a year.
Toyota Motor announced on Thursday that its global production in January reached 781,729 vehicles, a year-on-year increase of 6%, marking the first growth in 12 months. This is mainly attributed to the recovery of domestic production capacity, with domestic production surging 22% that month, successfully offsetting the decline in overseas production. By region, the North American market showed differentiated performance.
The Nikkei average rose by 113 points, rebounding for the first time in three days, supported by a weaker yen, as of the afternoon of the 27th.
On the 27th, the Nikkei average stock price in the afternoon session rebounded for the first time in three days, rising by 113.80 yen to 38,256.17 yen compared to the previous day. The TOPIX (Tokyo Stock Price Index) also increased by 19.85 points to 2,736.25 points. At 10:04 AM, the Nikkei average reached 38,369.96 yen, up 227.59 yen. Following NVIDIA's announcement of its financial results for the fiscal year ending January 2025 and the revenue forecast for February to April 2025, which exceeded market expectations, Japanese stocks showed a positive reaction.
Toyota (TM.US) has emerged from the shadow of the fraud scandal, with a significant rebound in domestic sales in January.
In January, the Toyota Group, including its subsidiaries Daihatsu and Hino Autos, saw a 2% increase in global sales compared to the same period last year, reaching 846,744 units, setting a record for sales in January; global production in January increased by 12% year-on-year, totaling 885,346 units.
Toyota's production has increased for the first time in a year, with domestic production in Japan rising by 22%!
Toyota's global production in January this year increased by 6% year-on-year, reaching 781,729 vehicles, among which production in Japan grew by 22%, and strong demand for its Autos in the North American market also supported the increase in production.
Ian-C : this is huge